CREMORNE, 2090 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling CREMORNE, 2090 values up and netting property investors a capital gain of 15.96% for the past year.
Investors saw the median home price rise to $3,015,000.
Profits due to an upward trend in home prices in the suburb averaged 12.87% per annum over a 3-year period.
CREMORNE now ranks at the 93rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in CREMORNE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $1125 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CREMORNE, homes and units usually stay on listing for an average of 38.5 days.
In 2016, 44 properties were sold in CREMORNE during the past year, making it the 444th most active market in NSW based on total real estate transactions.
CREMORNE ranks 174th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
CREMORNE, 2090 has a capital gain of -0.04% for the past year, which is lower than average compared to its 64.21% growth within a five-year period.
With the median home price in CREMORNE sitting at $1,149,500, and the average rent at $667.5, property owners could potentially earn a 3.02% increase in gross rental yield.
Property investors have seen a -1.01% drop in CREMORNE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that CREMORNE, 2090 obtained a 7.45% growth over a ten-year period. It ranks 240th on our list of suburbs that property investors should look into.